Thursday, October 6, 2011

SLV Request

 SLV 1 has a negativ divergence, but recall how I said a pullback can come through price or time, note yesterday's negative divergence corrected through time in the white box.

 SLV 5 min

 The 10 min is leading and thus far strong

 As is the 15

 The 30 min

 And 60 min. It would seem that there may be another correction, but overall, SLV still looks very bullish at this point.

It's very difficult to use a trailing stop as this 50 bar 5 min holds the recent trend, but is still wide and it certainly doesn't hold the longer term trend.

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